The country needs to push for exports aggressively. India needs its textiles, exports, compact cars penetrate European market and it is better to compromise on sectors like wine and dairy, Amitabh Kant, CREO of Niti Aayog said.
03 Feb 2017, 10.52 am | Source: CNBC-TV18
He, however, complimented Finance Minister Arun Jaitley for being moderate and not doing anything "reckless and disruptive" after demonetisation and welcomed some of the positives like putting a limit on cash transactions, cleansi...
03 Feb 2017, 10.48 am | Source: PTI
Terming the budget as "overall, a well-balanced, pro-poor, pro-growth budget" Amber Dubey, Partner and Head (Aerospace and Defence) of KPMG in India said the announcement of select AAI airports in Tier 2 cities to be taken up for ...
03 Feb 2017, 10.42 am | Source: PTI
Jaitley has performed a "balancing act" by refraining from stretching fiscal coffers to give a steroidal push to the economy, it said, commending the "prudence over populism" in restricting the fiscal gap to 3.2 percent.
03 Feb 2017, 9.43 am | Source: PTI
Addressing the International Engineering and Technology Fair (IETF), Geete said the Budget contains a number of proposals to give a critical push to the manufacturing sector and Indian industry must take advantage of these for hig...
03 Feb 2017, 9.21 am | Source: PTI
Affordable housing being given Infrastructure status is a welcome move and will help in the Housing to all by 2022 mission – it is a big and positive move for developers, banks and housing finance companies.
03 Feb 2017, 8.22 am | Source: Moneycontrol.com
To reduce the compliance burden, the Finance Ministry has further proposed that the deductor shall not be required to obtain tax deduction account number (TAN) as per section 203A of the Act.
03 Feb 2017, 8.09 am | Source: Moneycontrol.com
Speaking to CNBC-TV18, Ridham Desai, Head of India Equity Research and India Equity Strategist at Morgan Stanley, said that Finance Minister Arun Jaitley had resisted the temptation to plant bombs in the fine print of the Budget.
03 Feb 2017, 8.02 am | Source: CNBC-TV18
The finance minister in his budget speech said that agents will be exempt from TDS subject to their filing a self-declaration
03 Feb 2017, 8.02 am | Source: Moneycontrol.com
Hailing the Budget as progressive, unicorns and startups said the proposals have a clear focus on 'Digital India' and skilling.
03 Feb 2017, 8.00 am | Source: PTI
The allocation for food subsidy has been increased to Rs 1.45 lakh crore next fiscal from Rs 1.3 lakh crore this year to provide for the new food law, which has been rolled out in the entire country, Food minister Ram Vilas Pa...
02 Feb 2017, 9.53 pm | Source: PTI
It is also changing the law to keep the identity of the donor confidential who buys the just-introduced electoral bonds from banks to make such donations.
02 Feb 2017, 8.47 pm | Source: PTI
Social media platform Twitter today said it had recorded 7.2 lakh tweets with the hashtag #Budget2017 between January 30 and February 2.
02 Feb 2017, 8.09 pm | Source: PTI
Troubled German banking giant Deutsche Bank today asked for patience after reporting its second annual net loss in a row, saying it was laying the foundations for durable success in the future.
02 Feb 2017, 7.32 pm | Source: PTI
There are nine undertakings under the ministry of steel and together they plan to spend Rs. 12637.71 crores in 2017-18, higher by nearly 9 percent from the Rs. 11604.94 crores they see themselves spending in the year that ends nex...
02 Feb 2017, 6.58 pm | Source: Moneycontrol.com
Tax benefit on loan repayment of second house will be restricted to Rs 2 lakh per annum, Finance Bill 2017 has proposed, a move that may hit hard those making big savings so far as there have been no limits on set off from such pr...
02 Feb 2017, 6.50 pm | Source: PTI
According to a report by HDFC Bank, Budget 2017 went the way of previous ‘Jaitley Budgets’, high on detail but with a somewhat smudgy big picture.
02 Feb 2017, 6.01 pm | Source: Moneycontrol.com
Brushing aside criticism that Union Budget 2017-18 has done nothing to create jobs, Niti Aayog member Bibek Debroy today said it aims to promote growth and encourage entrepreneurship which will lead to more employment opportun...
02 Feb 2017, 5.59 pm | Source: PTI
The industry, which was endorsed by Finance Minister Arun Jaitley as a sector of economic importance, has welcomed the proposed decisions, saying that the steps will make travel more "accessible and reduce friction between the use...
02 Feb 2017, 5.54 pm | Source: PTI
With GST around the corner, this budget has not made significant changes in the existing indirect tax legislations.
02 Feb 2017, 5.47 pm | Source: Moneycontrol.com
In his 2017-18 Budget speech, the Finance Minister said the government plans to launch Skill Acquisition and Knowledge Awareness for Livelihood Promotion programme (SANKALP) at a cost of Rs 4,000 crore along with next phase of Ski...
02 Feb 2017, 5.27 pm | Source: PTI
However the Budget may not be too bad for digital startups. If you are running any online startup, lets see how it impacts you.
02 Feb 2017, 5.18 pm | Source: Moneycontrol.com
From April 1, 2018, only those investments in equities will be eligible for long term capital gains, where securities transaction tax (STT) has been paid. In other words, only shares bought through the stock exchange platform will...
02 Feb 2017, 5.13 pm | Source: Moneycontrol.com
The infrastructure status to the affordable housing would "change the scenario completely" along with the Government's plan to pump in Rs 20,000 crore to build one crore houses.
02 Feb 2017, 5.12 pm | Source: PTI
On his Budget takeaways, Abhay Laijawala, Head of India Research at Deutsche Equities says the stand out has been the Finance Minister’s ability to balance all compulsions and sticking to path of fiscal consolidation for the thi...
02 Feb 2017, 4.48 pm | Source: CNBC-TV18
Budget 2017: Which things got cheaper or costlier
02 Feb 2017, 4.45 pm | Source: Moneycontrol.com
Industry players said that much more needs to be done to revive skill development.
02 Feb 2017, 4.43 pm | Source: Moneycontrol.com
Demonetization has caused significant short-term disruption and there is a need to provide a healing touch as well as to demonstrate the path for long-term gain.
02 Feb 2017, 4.04 pm | Source: Moneycontrol.com
Along with experts interpreting the budget, Girija Pande, chairman of the Singapore-based Apex Avalon Consulting Pte Ltd, also applauded the decision to abolish Foreign Investment Promotion Board (FIPB), saying it had "long outliv...
02 Feb 2017, 3.57 pm | Source: PTI
It has been clarified that the clarification provided in Budget 2016 on benefit of concessional rate of 10% on transfer of shares of a private company (being long term capital asset) shall apply from 1st April, 2013.
02 Feb 2017, 3.57 pm | Source: Moneycontrol.com